Rodman & Renshaw Maintains a 'Market Outperform' on Apple (AAPL); Qtr iPhone Ships May Miss On Key Component Constraints

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Rodman & Renshaw maintains a 'Market Outperform' on Apple (NASDAQ: AAPL) price target of $450.00.

Analystk, Ashok Kumar, said, "Apple iPhone 4S production likely constrained due to low yields on a key component; overall shipments in Dec. quarter may be ~30m units, below Street estimates."

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $376.12 yesterday, with a 52 week range of $310.50-$426.70.

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